The Federal Open Market Committee concluded its two-day monetary policy meeting by making no changes to the language with regard to the “extended period” for keeping rates at an exceptionally low rate and no changes to the fed funds target rate of a level between 0-0.25%. Details from Bloomberg...
The Dow Jones Industrial Average gained 53 points (0.5%) to close at 11,045, while the S&P 500 Index rose 8 points (0.6%) to 1,191, and the Nasdaq Composite was flat at 2,472. Crude oil rose $0.78 to $83.22 per barrel, and the Bloomberg gold spot price fell $0.45 to $1,167.40 per ounce.
Magnificent Seven Update
